TribLIVE

| Home

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Insurer Nationwide, 7 states agree over unclaimed death benefits

Email Newsletters

Click here to sign up for one of our email newsletters.

Daily Photo Galleries

Friday, Oct. 12, 2012, 11:22 a.m.
 

COLUMBUS, Ohio — Ohio is one of seven states that will share $7.2 million from insurer Nationwide under an agreement over death benefits that go unclaimed.

The Columbus Dispatch reports Nationwide has identified more than 4,700 unclaimed death benefits and paid $144 million to beneficiaries since the start of a joint investigation by the states. It began with allegations that insurers held back payouts despite knowing policyholders had died.

California, Florida, Illinois, New Hampshire, North Dakota and Pennsylvania also are involved. It's not clear exactly how much money each state will get.

The agreement requires Nationwide to take steps that include cross-checking its insurance files with Social Security information.

Nationwide denies wrongdoing. A spokesman says its companies cooperated in the process.

Three other insurance companies previously reached agreement over unclaimed death benefits.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Rossi: Beleaguered Steelers need MVP from Big Ben
  2. Big plays cost Steelers defense in 43-19 preseason loss at Bills
  3. Steelers notebook: Tomlin mum on Bryant suspension
  4. Happ’s strong start, Ramirez’s homer pace Pirates past Rockies
  5. Pirates notebook: Hurdle’s faith in Polanco pays off
  6. Architecture: Pittsburgh history in 10 houses
  7. QB Vick hits ground running in debut
  8. Biertempfel: Pittsburgh native faced quick learning curve as Marlins GM
  9. Pennsylvania welfare employees targeted in crackdown
  10. Pitt star running back Conner remains grounded despite success
  11. Starting 9: Pirates place renewed emphasis on nabbing base-stealers